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Indonesian E-Commerce Potentially Bigger than Korea, India

TEMPO.CO, Jakarta – Azhar Hasyim, director of E-Business at the Communications and Information Ministry, views that Indonesia has the potential to be the third largest e-commercemarket in the world above South Korea. “The Communications and Information Ministry supports startup companies in Indonesia,” Azhar said during a discussion held in Jakarta today, August 23. Azhar revealed that Indonesia currently occupies […]

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Indonesia Eyes Rp131.5tn Worth of Trade with Vietnam

TEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita said that Indonesia is aiming at boosting the value of its trade with Vietnam. The government has set a target to achieve US$10 billion worth of trade with Vietnam. “The President wants to reach US$10 billion [worth of trade with Vietnam],” Enggartiasto said at the Presidential Palace in Jakarta today, August 23. […]

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Bank Indonesia rate cut shows comfort with outlook

JAKARTA — Indonesia’s central bank surprised most economists on Tuesday by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. The benchmark rate was cut by a quarter point to 4.5%, with all but six of the 28 economists surveyed by Bloomberg having predicted it would stay on hold. Bank Indonesia […]

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Thailand: July exports up 10.5% year-on-year

Customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5% in July from a year earlier after June’s 11.7% rise, commerce ministry data showed on Wednesday. A Reuters poll expected an annual rise of […]

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Thailand third largest for Line stickers

Thailand ranked as the world’s third-largest market for Line sticker download revenue and is the first country where Line stickers are available from offline channels, with users able to buy Line stickers with cash at Boonterm top-up machines. Line has 41 million users in Thailand, some 94% of mobile internet users. It follows Japan and […]

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